Can you Sell a House in Foreclosure Illinois

5-Star Google Rating

★★★★★ 5/5

NEEDS REPAIRS • OLD • INHERITED • FORECLOSED • DISTRESSED • DOWNSIZING

GET FREE NO OBLIGATION OFFER IN 24 HOURS!

Home » Can you Sell a House in Foreclosure Illinois

Can You Sell a House in Foreclosure in Illinois? Yes, Tony Buys Homes Can Help!

What is Foreclosure?

Understanding the Basics of Foreclosure

When a homeowner defaults on their mortgage payments, the lender has the right to seize the property, a process known as foreclosure. It’s a difficult situation, but there’s a silver lining. Can you sell a house in foreclosure in Illinois? The answer is a resounding yes. Tony Buys Homes is here to guide you through the process.

Selling a House in Foreclosure in Illinois

Can You Sell a House in Foreclosure in Illinois?

You’re not alone in facing foreclosure. The important thing is understanding your options. While foreclosure can be a stressful process, you have the option to sell your home before it’s completed. Tony Buys Homes is ready to assist you every step of the way.

How Much Time Do You Have to Sell?

Time is of the essence. Once you’ve received a notice of default, Illinois law gives you a reinstatement period of 90 days to pay off the amount you owe. If you can’t, selling your house may be the best choice.

How Long Does It Take to Sell a Home in Foreclosure in Illinois?

Selling a home in foreclosure isn’t an overnight process, but Tony Buys Homes can expedite it. We buy homes for cash, meaning you could sell your home and pay off your debts in just a few short weeks.

The Timeline of Foreclosure in Illinois

Understanding the Foreclosure Process

The timeline for foreclosure in Illinois typically takes about 210 days, though it can be longer depending on the situation. During this time, you can take action to sell your home.

Challenges When Selling a Home in Foreclosure in Illinois

Selling a home in foreclosure comes with its challenges. Buyers may be hesitant, and time is against you. But with Tony Buys Homes, you don’t have to worry. We make fair cash offers, regardless of your home’s condition or situation.

5 Options Other Than Selling

While selling your home is often the best choice, there are other options to avoid foreclosure:

Loan Modification: This alters the terms of your mortgage to make payments more manageable.
Short Sale: This involves selling the home for less than the balance owed on the mortgage.
Deed in Lieu of Foreclosure: This involves transferring the title of your property to the lender.
Bankruptcy: This can halt foreclosure, but it comes with serious financial consequences.
Repayment Plan: This involves negotiating with your lender to repay the defaulted amount.

3 STEPS TO SELL YOUR CHICAGO HOUSE FAST

Tony Buys Homes can help you sell your home fast by offering you cash for your inherited, foreclosure, distressed, in need of repair home. We do not provide retail prices for homes.

#1 Cash Home Buyers for Can you Sell a House in Foreclosure Illinois

STEP 1: CALL TODAY

Call or Text Us at 815-488-6373 or by filling out our contact form to tell us your Property Location.

STEP 2: RECEIVE OFFER!

Receive a FREE, No obligation, cash offer, within 24 hours of our appointment.

STEP 3: CLOSE IN 7 DAYS!

You choose the closing date, whenever you desire. You can close within 7 day, cash!

My wife Tiffany and I operate Tony Buys Homes, & are a family business. We love our local community & want to help improve it by improving the homes we purchase. We are not just a wholesaler, we purchase & keep the homes we buy, unlike competitors who are looking to only reassign your home for a profit. We pride ourselves in getting you the highest cash offer possible!

Thomas Staudt

2023-05-12

The guys at Tony Buys Homes were fantastic to work with! They helped with an inherited property that we were looking for a quick close on. Give Tony a call and he will take care of you!

Nick Rollings

2023-05-10

First and foremost, I just want to state that this was an amazing experience working with Tony Buys Homes. The whole process was so smooth and there wasn’t a single time when I called that it went to voicemail. Ditto to everytime I texted and had questions about my cash home sale. Lastly, Tony orked to settle on a price that was right for me and my situatioh. I just wanted to say thank you to Tony Buys Homes for buying my ugly house!!

Yao-Yao Ho

2021-08-28

Thank you Tony for responding my call right away. Even though the offer did not work out, truly appreciate you took the time to explain things in details throughout this process and answered many questions. It's a great pleasure working with you!

Larry Bostick

2021-07-28

I had a great experience working with Tony. From the very beginning he was honest and very responsive. Kudos to him for making everything go very smoothly and helping me out in my situation. If you have an old distressed home you need quick cash for then give Tony a call!

Michael Ahlgren

2021-07-26

Thank you tons Tony for buying our ugly house fast during these strange times. Tony responded to my house the day that I called and by the next day we had agreed on a price! Maybe just 10 days later we were able to close! Thanks again Tony - I would definitely recommend this Naperville house buying company... 5 stars!

Fred Baustian

2021-07-23

Sad to say that the sale did not work out perfectly for us, but that doesn't change the great review Tony earned for his had work alone! Very great to work with, super understanding towards a first time home seller. More than fair with his offer. Could not have had a better experience. Just call him, he is the best.

Q's Cabinet Shoppe

2021-07-18

I partnered with Tony and the process went really fast. Tony was always responsive! He was available to chat on the phone or text to answer any questions. Most importantly he stayed in touch with all updates without me having to ask. You absolutely should get help from him selling your home. Highly recommend Tony Buys Homes!

Dave Loftus

2021-07-17

Thy Couldn’t provide any more ease. The initial transaction went just as they described. No hassles at all... and no additional fees. If you’re looking for quick cash, and a quick real estate close... Tony can help!

SELL YOUR HOUSE FAST FOR CASH – IN 3 DAYS!

GET FREE NO OBLIGATION OFFER!

WE BUY
“DISTRESSED” HOUSES, GET CASH FAST!